mortgages

A mortgage loan or, simply, mortgage is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged.

Source: en.wikipedia.org

Equifax Says 85% of Its New Models Built With AI
Equifax Says 85% of Its New Models Built With AI
April 18, 2024  |  artificial intelligence

Consumer credit bureau Equifax said artificial intelligence (AI) is playing an increasing role in its operations.  In announcing the company’s quarterly earnings Thursday (April 18), management noted that...

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CFPB Could Block Lenders From Charging for Title Insurance
CFPB Could Block Lenders From Charging for Title Insurance
April 10, 2024  |  CFPB

America’s leading consumer watchdog is reportedly weighing a sweeping change to the title insurance industry. As Bloomberg News reported Wednesday (April 10), the Consumer Financial...

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CFPB Monitoring Potential Risk of ‘Discount Points’ Paid by Homebuyers
CFPB Monitoring Potential Risk of ‘Discount Points’ Paid by Homebuyers
April 05, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is monitoring the increasing payment of “discount points” by homebuyers and the potential risk this may pose to consumers....

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LoanDepot Invests in Technology to Prepare for Mortgage Industry Rebound
LoanDepot Invests in Technology to Prepare for Mortgage Industry Rebound
March 12, 2024  |  Earnings

LoanDepot is investing in technology as it prepares for a rebound in industrywide mortgage origination volumes. While the provider of home lending solutions reduced its expenses...

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48% of Consumers Look Beyond Their Primary Bank for Mortgage Loans
48% of Consumers Look Beyond Their Primary Bank for Mortgage Loans
January 05, 2024  |  Loans

Traditionally, consumers rely on their primary financial institutions (FIs), such as banks or credit unions (CUs), for credit products like credit cards, mortgages, auto loans...

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Gen X Has the Most Debt at 4X Their Disposable Incomes
Gen X Has the Most Debt at 4X Their Disposable Incomes
December 18, 2023  |  Debt

Consumers often feel pressured to maintain a standard of living, which can be difficult in uncertain economic times with higher prices and interest rates. Keeping...

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What Are the Best Tactics to Improve Credit Scores? 
What Are the Best Tactics to Improve Credit Scores? 
November 02, 2023  |  Consumer Finance

Generally speaking, the higher your credit score, the more favorable interest rates and terms you can benefit from when getting a loan.  The scoring model...

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Banking Industry Pushes Back Against Proposed Capital Rules
Banking Industry Pushes Back Against Proposed Capital Rules
October 13, 2023  |  Bank Regulation

Two of the largest U.S. banks said capital rules proposed by U.S. regulators could have significant impacts on credit availability and pricing for businesses and...

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Credit-Building Apps Help Generation X Tackle Mounting Debt Burden
Credit-Building Apps Help Generation X Tackle Mounting Debt Burden
October 08, 2023  |  Personal Finance

Current economic conditions and consumers’ drive to maintain a certain standard of living has led to a pervasive level of private debt across the economy,...

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